Economy · Full coverage
New Investor Group to Acquire Full Control of Israel's IBC Telecom Infrastructure
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
By מערכת ice
First reported by Bizportal · 1 hour ago
What happened
A new investor group, led by The Phoenix, is set to acquire the remaining 30% of Israeli telecom infrastructure firm IBC from the Israel Electric Corporation for approximately NIS 370 million, gaining full ownership. The move signals strong market confidence in IBC's fiber optic network and growth potential.
- 01Investor group to buy remaining 30% of IBC from Israel Electric Corporation.
- 02Deal values IBC at approximately NIS 370 million.
- 03Acquisition grants investor group full 100% ownership of IBC.
- 04IBC operates a major fiber optic network reaching 2.6 million households.
- 05Move seen as strong vote of confidence in IBC's operations and growth.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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